Nuveen Multi-Asset Income Fund (NYSE:NMAI) Sees Large Decline in Short Interest

Nuveen Multi-Asset Income Fund (NYSE:NMAI) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 35,034 shares, a drop of 84.0% from the January 15th total of 218,985 shares. Based on an average trading volume of 163,972 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 163,972 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Nuveen Multi-Asset Income Fund

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its stake in Nuveen Multi-Asset Income Fund by 412.7% in the second quarter. Allworth Financial LP now owns 2,512 shares of the company’s stock worth $32,000 after purchasing an additional 2,022 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of Nuveen Multi-Asset Income Fund during the 3rd quarter worth $40,000. FNY Investment Advisers LLC increased its stake in shares of Nuveen Multi-Asset Income Fund by 43.3% during the second quarter. FNY Investment Advisers LLC now owns 4,300 shares of the company’s stock valued at $54,000 after buying an additional 1,300 shares during the period. International Assets Investment Management LLC bought a new position in shares of Nuveen Multi-Asset Income Fund during the second quarter valued at approximately $135,000. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new stake in Nuveen Multi-Asset Income Fund during the 2nd quarter valued at $164,000.

Nuveen Multi-Asset Income Fund Trading Up 0.9%

Shares of NMAI stock traded up $0.12 during mid-day trading on Tuesday, reaching $13.87. 126,173 shares of the company’s stock traded hands, compared to its average volume of 155,858. The firm has a 50 day moving average price of $13.21 and a two-hundred day moving average price of $13.00. Nuveen Multi-Asset Income Fund has a 12 month low of $10.21 and a 12 month high of $13.88.

Nuveen Multi-Asset Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be paid a $0.116 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a yield of 10.0%.

Nuveen Multi-Asset Income Fund (NYSE: NMAI) is a closed-end investment fund managed by Nuveen, a global asset manager and subsidiary of TIAA. The fund is listed on the New York Stock Exchange and seeks to provide investors with high current income and the potential for capital appreciation. Nuveen Multi-Asset Income Fund employs an actively managed, diversified approach across multiple asset classes, leveraging Nuveen’s extensive research and portfolio management infrastructure.

The fund’s investment strategy centers on allocating assets among a broad range of income-producing instruments.